Crude Oil Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand. Brent crude futures lost $1.07 to settle at $60.94 a barrel. WTI crude futures fell 58 cents to settle at $51.93 a barrel. China trade war and disappointing economic data. China’s industrial output growth unexpectedly slowed to a more than 17 year low, data from the National Bureau of Statistics showed on…
Read MoreCrude Oil Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions. Brent settled 70 cents higher at $62.01 a barrel. WTI crude futures rose 23 cents to $52.51 a barrel. It was the second time in a month tankers have been attacked in the world’s most important zone for oil supplies as tensions increase between the United States and…
Read MoreCrude Oil Oil prices settled 2.2% higher on Thursday after reports of attacks on two oil tankers in the Gulf of Oman. Brent settled up $1.34 at $61.31 a barrel. WTI crude futures ended $1.14 lower at $51.86 a barrel. Oil tanker owners DHT Holdings and Heidmar suspended new bookings to the Mid-East Gulf. Tensions in the Middle East have escalated since U.S. President Donald Trump withdrew from a 2015 multinational nuclear pact with Iran…
Read MoreCrude Oil Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles. Brent crude futures fell $2.32 to settle at $59.97 a barrel, it’s lowest close since Jan. 28. WTI crude futures ended $2.13 lower at $50.72 a barrel, its lowest settlement since Jan. 14.. Trade tensions between the United States and China, the world’s two biggest oil consumers, also weighed on…
Read MoreCrude Oil Oil prices were steady on Tuesday. Brent crude futures settled unchanged at $62.29 a barrel. WTI crude futures settled one cent higher at $53.27 a barrel. Prices fell after U.S. crude stockpiles unexpectedly rose by 4.9 million barrels in the week to June 7 to 482.8 million. U.S. government data is due to be released at 10:30 a.m. EDT (1430 GMT) on Wednesday. The U.S. EIA cut its 2019 world oil demand growth…
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